Net Worth: $70 million
Source of Wealth: basketball
Born: March 20, 1945 in Rome, New York
Pro career: 1967–1976
Pat Riley became rich by being a professional basketball player and coach. As a player, he played with the San Diego Rockets, Los Angeles Lakers, and Phoenix Suns. He began his coaching career in 1981. He coached the Lakers, New York Knicks, and Miami Heat. He is a 7-time NBA championship (5 titles as a coach). In 2011, he was named NBA Executive of the Year.
How much money does Pat Riley make?
In 1995, Riley signed a reported $40 million contract that made him the president, coach, and part-owner of the Miami Heat. He became 10 to 20 percent owner of the team.
Riley is also a motivational speaker during the NBA off-season. He earns more than $50,000 for each speaking engagement.
Paid endorsements and sponsors
Riley has gotten endorsement deals with Rolaids, Accuvue, and Reebok, among others.
In 1996, Riley paid $6.3 million for a home at 180 Arvida Pkwy Miami, Florida. In April, 2012 he and his wife, Christine, sold it for $16.75 million.
He still owns a condominium at Apogee in Miami Beach that he bought for $11.75 million in 2008.